Boxxer intersects significant copper-gold-silver mineralization on Boss copper-gold project

CALGARY, Feb. 21, 2012 /CNW/ - Boxxer Gold Corp. (TSXV: BXX) (OTC Other: BXXRF) ("Boxxer or the Company") is very pleased to provide the analytical results for three of the four drill holes from its recently completed diamond drilling program on its 100% owned Boss porphyry copper-gold Boss project in Nevada.

Highlights:

a)      Multiple intercepts of copper-gold-silver mineralization over variable intervals hosted in a large metasomatic skarn,
b)      The copper-gold-silver mineralization, geochemical signature and mineralogy of the skarn suggests significant progress toward locating the intrusive source of the skarn and metals,
c)      The skarn and marble units show significantly enhanced concentrations of copper and gold, and
d)      The copper and gold values in the skarn and marble are significantly higher in DDH-08-2011 compared to DDH-07-2011 and DDH-09-2011.

Boxxer's President and CEO, Elmer B. Stewart, explained; "I am very pleased with the results from the recently completed drilling program. The results support the exploration model used by Boxxer for the Boss project. The enhanced metal values and mineralization indicate that a large volume of heated solution altered the original limestone to skarn and deposited the copper-gold-silver.  The multiple styles of mineralization and the large metasomatic skarn is interpreted to have been caused by an intrusive which is in line with our exploration strategy and exploration model being used by Boxxer to explore the Boss project".

Analytical results for the mineralized intervals are presented below.  The assays for the lower portion of DDH-10A-2012 are pending.

                 
DDH ID Dip Azimuth From (m) To (m) Interval (m) copper (%) gold (g/t) silver (g/t)
DDH-08-2011 -65 270 1.7 44.8 43.1 0.100 0.04 1.83
    including 14.8 22.7 7.9 0.260 0.08 5.70
      48.8 49.4 0.6 0.070 0.04 1.40
      166.9 178.9 12.0 0.060 0.08 0.50
      287.5 295.0 7.5 0.020 0.05 0.50
DDH-09-2011 -90 0 2.1 27.4 25.2 0.153 0.05 2.06
    including 13.9 27.4 13.5 0.220 0.07 2.88
      133.5 261.5 128.0 0.024 0.06 0.50
    including  166.9 178.7 11.8 0.060 0.08 0.50
      221.7 222.6 0.9 0.040 0.28 0.50
      231.3 233.4 2.1 0.024 0.09 0.50
      234.3 235.9 1.6 0.090 0.29 0.90
      254.9 261.5 6.6 0.020 0.02 0.50
DDH-10-2012 -65 45 0.7 6.7 6.0 0.870 0.17 1.24
DDH-10A-2012 -65 185 0.0 29.5 29.5 0.603 0.07 1.33

The above mineralized intervals are not true width

Geochemistry:
The drilling on the Boss Extension intersected a sequence of skarn, marble and limestone that exhibit gradational contacts. The original limestone has been altered to skarn and marble by the circulation of heated solution carrying metals which has significantly increased the copper and gold concentration in the skarn and marble.  The changes in metal concentrations between the various rock types and individual drill holes are being as an exploration tool to locate the source of the metals.

In DDH-07-2011, the average copper and gold concentrations are 6.5 times and 20 times higher in the skarn than in the skarn/marble and 14 times and 2 times higher than in the limestone.

The In DDH-08-2011, the average copper and gold concentrations are 6.3 times and 30 times higher in the skarn than in the skarn/marble and 27 times and 45 times higher than in the limestone.   

In DDH-09-2011, the average copper and gold concentrations are 2 times higher and 50% lower in the skarn than in the skarn/marble and both metals are 4 times higher than in the limestone.

Diamond Drilling Results:
DDH-08-2011 is an inclined HQ diameter hole that was completed to a depth of 439.3m.  Interlayered Pyroxene skarn and marble was intersected to a depth of 295.0m at which point the skarn shows a gradational contact to recrystallized limestone and then limestone at the bottom of the hole. In addition to the copper-gold-silver mineralization, this hole contains a 78.9m section that averages 0.020g/t gold with gold values ranging from 0.01 g/t to 0.143g/t gold

DDH-09-2011 is a vertical HQ diameter hole that was completed to a depth of 273.6m.  Interlayered Pyroxene skarn and marble was intersected to a depth of 239.0m at which point the skarn shows a gradational contact to recrystallized limestone and then limestone at the bottom of the hole. In addition to the copper-gold-silver mineralization, this hole contains a 106.5m section that averages 0.05g/t gold with gold values ranging from 0.01 g/t to 0.28g/t gold.

The analytical results for the upper part of DDH-10A-2012 have been received (see table above). This inclined HQ diameter hole that was completed to a depth of 245.5m and intersected two intervals of visible copper mineralization and silicified and recrystallized limestone to a depth of 184.0m below which recrystallized limestone and limestone occurs. Copper mineralization (malachite and azurite) was observed over the core interval from surface to 14.0m and from 151.3m to 170.4m.

Future Boss Drilling Plans:
Boxxer has completed its current drilling program on the Boss project and is preparing to continue diamond drilling on receipt of BLM approval for additional drilling sites.

East Breccia Property:
Boxxer is reviewing a diamond drill contract for its East Breccia property. Discussions with the First Nations group are underway with the view of obtaining a permit related to the proposed diamond drilling program. On receipt of the permit, the drilling is schedule to commence.  Contingent on observations in the cores, additional holes may be drilled.

About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company involved in the exploration of the Boss and Buena Vista copper projects in the state of Nevada, the DOK copper-gold porphyry property in Northwest B.C., the East Breccia copper-silver-molybdenum property in Ontario.  Boxxer also has the Crescent Peak gold-silver project in Nevada and the Gordon Lake gold project located 110 kilometres north of Yellowknife NWT, Canada.

Elmer B. Stewart, MSc. P. Geol., President of Boxxer Gold, is the Company's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the technical information disclosed in this news release.

On behalf of the Board of Directors

Elmer B. Stewart P. Geol. MSc.
President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information.  There is no certainty that either the geochemistry or the copper mineralization intersected in the three drill holes mentions in the news release would yield additional significant grades of either copper or gold.  For any forward-looking information given, Management has assumed that the results it has received and the interpretation thereof are reliable, and has applied geological and geophysical interpretation methodologies which are consistent with industry standards. Although Management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Boxxer's disclosure documents on the SEDAR website at www.sedar.com.   Boxxer does not undertake to update any forward-looking information except in accordance with applicable securities laws.

 

 

SOURCE Boxxer Gold Corp.

For further information:

on Boxxer please visit our website at www.boxxergold.com or contact:

Boxxer Gold Corp
John L. Maslanyk
Vice President & Chief Information Officer
Tel: 1-403-804-2251 or 1-403-264-4811
Toll Free: 1-888-479-3596
e-mail: john@boxxergold.com

Boxxer Gold Corp
Keith Bullen
Investor Relations
Tel: 1-416-350-2794
Fax: 1-416-350-2794
e-mail: kbullen@rogers.com

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